How One Member Conquered Debt and Found Financial Freedom
A brand-new member reached out to us while shopping around for the best rates to consolidate her credit card debt.
She was paying 30% interest charges on her current credit card and $2,000 a month in payments. She gave us a call when she realized our promotional rate for a debt consolidation loan was the best on the market.
This member had a credit card with a high balance and was struggling to keep up with the minimum payments, which were mostly going towards interest. Cindy Bhakta, our Member Advocate, was able to consolidate her debt into one payment, bringing her rate down to just 10.99%. This reduced her monthly payments and saved her $1,500 in monthly payments. This was a game-changer for the member.
She expressed her relief and gratitude, saying,
“OMG, that's going to help me in the long run to focus on other credit cards I still need to pay off. You don't understand how much money you put into my pocket to fight the other debt."
With the extra money she now has in her monthly budget, she can live more comfortably and focus on her financial goals.
"She wrote down her plans and finances to really conquer her debt, determined never to be in this situation again, and I think that’s the main way our members can stay out of debt for good—by having a plan." said Cindy.
million in debt consolidation
In 2024, we helped 375 members consolidate debt and lower their monthly payments.
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Members Choice Credit Union NMLS#502619 | Federally insured by NCUA. All memberships subject to approval, including credit approval.